13F filing recap · Q4 2025

What did Abrams Capital Management buy in Q4 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$5.67B

Positions

Estimated turnover

2.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Abrams Capital Management exited Circle Internet Group entirely and trimmed Alphabet, Tempur Sealy International, Energy Transfer, and Meta Platforms during the quarter.

Reduced positions

GOOGLAlphabet Inc.$599.91Mreported value-207.5K shares-9.8%SGITempur Sealy International Inc$518.19Mreported value-41.1K shares-0.7%METAMeta Platforms, Inc.$214.63Mreported value-69.6K shares-17.6%ETEnergy Transfer LP$100.84Mreported value-90.4K shares-1.5%

Exited positions

CRCLCircle Internet Group, Inc.$36.46Mprior reported value-275.0K shares-100.0%